dissertation on cryptocurrency pdf

Academia.edu no longer supports Internet Explorer.

To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to  upgrade your browser .

Enter the email address you signed up with and we'll email you a reset link.

• We're Hiring!
• Help Center

Cryptocurrencies as the new Money Laundering tool: EU's regulatory approach A thesis submitted for the degree of Master of laws (LLM) in Banking and Finance Law

2019, Mari Atzemian

Related Papers

Virginia Romero Sánchez-Herrero

A perceived risk in terrorist use and adoption of virtual currencies over the past few years has driven the widespread notion that this financial innovation represents a threat to security. This dissertation addresses this issue, examining the security implications associated to the rise of this technology. It argues that the risks of terrorist exploitation are in fact limited, these being primarily confined to their sporadic and ad hoc use as opposed to their adoption as a sustained financing method. Moreover, it contends that a number of practices have ultimately led to the ‘securitisation’ of this issue, or its framing in the logic of security and emergency, justifying for increased state control over virtual currencies. The dissertation first presents an overview of this question to subsequently sketch out a theoretical framework based on a critical approach to security. It then considers patterns and methods of terrorist financing to help situate virtual currencies in this context, arguing that some of the alleged benefits offered by this technology are limited. In consequently considering the case of ISIL, it determines that the organisation’s current financing needs are best served by their established methods and not virtual currencies. The final section then returns to the question of security, showing that a number of practices have resulted in the gradual securitisation of this technology, and advocating for its de-securitisation, or its negotiation in the political realm and not one defined by the logic of emergency.

Crime, Law and Social Change

Malcolm Campbell-Verduyn

Crypto-coins (CCs) like Bitcoin are digitally encrypted tokens traded in peer-to-peer networks whose money laundering potential has attracted the attention of regulators, firms and the wider public worldwide. This article assesses the effectiveness of the global anti-money laundering regime in balancing both the challenges and opportunities presented by these novel ‘altcoins’. Two main arguments are advanced. First, the implications that crypto-coins presently pose for global anti-money laundering efforts stem less from the threats of their illicit uses as digital currencies and more from the opportunities presented by their underlying blockchain technologies. Second, despite several shortcomings, the risk-based approach pursued by the Financial Action Task Force (FATF) strikes an effective balance between the existing threats and opportunities that crypto-coins currently present. Rather than a conclusive evaluation however this article stresses the need for continual monitoring and investigation of the wider ethical implications raised by CCs for global efforts to combat money laundering in an era of rapid technological change.

INTERNATIONAL JOURNAL OF ADANCED RESEARCH

FEMI T E M I T O P E JOHNSON

Money serves as a medium for which goods and services are exchanged. Anything that can be generally accepted for settling of debts and used for performing financial transactions is being referred to as money in the olden days. Many countries in the world have a generally acceptable and commonly used currency among their citizenry. The 21st century application and usage of money has transcended the notion and belief of the existence of money in the form of regular bank notes and coins. Nowadays, digital currency, electronic money or electronic currency is being in use with quite an appreciable number of people inclining their insight towards its effective usage and more countries adopting it for financial transactions as against the conventional forms of money. This paper surveys a number of related literatures to give a clearer and broader explanation of the concept of digital currency, the various forms in which digital currency exists. A comparison of the degree of acceptability of different digital currencies was discussed with the mode of operation of digital currency. However, prospects and challenges for the adoption of digital currency as a tool for national development were also highlighted.

Economy Informatics

Ștefan Zaharie Pop , Mircea Șcheau

Cryptocurrency market is estimated at several hundred billion dollars. The number of digital coins has exceeded the threshold of one thousand, each day appearing or disappearing some of them. Volatility, the difficulty in practical operation, high cost, associated risk and particular complexity make it quite difficult to choose one of the products without adequate counseling. Proponents of new technologies presents relevant arguments, while the appellants their call attention to the potential hazards/dangers to which expose themselves the investors. Reality offers us a spectrum that combines measures to limit the phenomenon development with the recognition and support from national and international organisms from which, however, is expected to adopt a joint position on the approach. Born at the end of the first decade of the second millennium, cryptocurrency has begun and continues to raise the interest of financial markets in general and specialized institutions in particular.

Maureen Owor- Mapp

The second roundtable brought together policy makers, the judiciary, financial regulators including the Central Bank of Uganda, financial supervisors, the police, cryptocurrency businesses and academia in critical discourse on the complex legal, socio cultural and policy issues of regulating crypto currencies and the implications of regulation for the wider meanings of currency. Participants agreed a number of recommendations and the need for principled guidance in line with the commitment of policy makers and regulators to promote technological neutrality, co-regulatory approaches, socio-cultural legitimacy, consumer protection and ethical practices that were fair, non-discriminatory and non-deceptive, and were underpinned by the principle of legality. To make it relevant to Uganda’s emergent tech enabled economy, the principles would be integrated into existing policies like the monetary policy, into strategies like the digital strategy, and into awareness-raising measures.

Comparative Law Working Papers

Bedrettin Gürcan

There have been several legal concerns of the services that stored or provided a base on the blockchain technology. There is some research to try to determine which kind of legal gaps may be emerged due to blockchain technology. In addition, the big part of the research on the topic examines current legal problems of the blockchain services. However, it has not been studied is the wide scope of the impact of blockchain technology in the different legal fields of law. This study is going to include extensive research into the motivations to blockchain legal frame on the several fields of the law. We will also examine the different solutions for the problem or legal gaps of the blockchain services in order to shape the legal framework of the blockchain technology.

Hubert de Vauplane

To what extent will central banks ever publish their own cryptocurrencies While the answer to this question is primarily political and economic, certain legal aspects must also be taken into account. Among these questions, the first one is whether these cryptocurrencies constitute a new form of currency or, on the contrary, whether they are part of the existing regulatory framework. But whatever the answer, these CBDC issued by central banks will have to meet the legal qualifications of legal tender.

Since the rise of the Islamic State of Iraq and Syria (ISIS, also known as Daesh and ISIL) in 2014, antiquities have been a widely publicized source of funding for what has become one of the most technologically savvy terrorist organizations of the modern era. The globalization of technology and rise of popularity in cryptocurrencies has changed the face of black-market trade and the actors that carry out these crimes. While art and antiquities have long served as a market with susceptibilities to laundering, the emergence of Dark Web markets, identification-masking software, and untraceable cryptocurrencies such as Bitcoin have opened new doors to potential vulnerabilities. The anonymity that is offered by these technologies acts as a roadblock for authorities, while attracting the likes of terrorists and transnational criminals. Investigative research using cyber security platforms to identify digital artifacts connected to potential traffickers provides the opportunity to unmask the seemingly untraceable actors behind these activities. The evidence of illicit antiquities trafficking on the Dark Web displayed in this article can generate a new discussion on how and where to study black-market antiquities to gain needed insight into combating the illicit trade online and the transnational criminal groups it may finance.

Policy Makers Workshop on Regulation of Cryptocurrency and the Blockchain

The first policy makers workshop in Uganda on the regulation of crypto currencies and the Blockchain, took place on the 4th and the 5th July 2018 at the Golden Tulip Hotel in Kampala. The aim of the workshop was to consider proposals for public consultations that drew on multi-sectoral approaches to policy making. A new interdisciplinary Working Group was set up to write a research brief that could form the basis on which the proposed Task Force on the Blockchain could develop a public facing policy consultation document on the regulation of distributed ledger technologies in Uganda. • Dr. Maureen Mapp, Convenor and report co-author. • Mr. Solomon Rukundo, report co-author • Mr. Patrick Mwaita- (UNAFRI) programme organiser. The event was co-sponsored by UNAFRI and the University of Birmingham Law School.

Internet Policy Review

Maxime Lambrecht

How promising is Bitcoin as a currency? This paper discusses four claims on the advantages of Bitcoin: a more stable currency than state-backed ones; a secure and efficient payment system; a credible alternative to the central management of money; and a better protection of transaction privacy. We discuss these arguments by relating them to their philosophical roots in libertarian and neoliberal theories, and assess whether Bitcoin can effectively meet these expectations. We conclude that despite its advocates' enthusiasm, there are good reasons to doubt that Bitcoin can fulfill its promises and act as a functioning currency, rather than as a mere speculative asset.

RELATED PAPERS

International Journal of Yoga

Chia-Liang Dai

Journal of Biological …

Gideon Shakked

GAIA - Ecological Perspectives for Science and Society

Ortwin Renn

Muhammad Aliamza Annahl

Olga Ibáñez

Sociologie Du Travail - SOCIOL TRAV

Stéphan Vincent-Lancrin

REVISTA EQUADOR

Helen Barreto

cahit aktaş

Translationes

Diana Motoc

Superconductor Science and Technology

Jozef Kováč

Kavita Gahlot

Journal of Cellular Physiology

Maria Cecilia Hidalgo

hyutrTT hytutr

Water Quality Research Journal

Joanne Parrott

Debra Kearney

VIDEO INSTRUCTIONAL PACKAGE AND ITS EFFECT ON SECONDARY SCHOOL STUDENTS’ INTEREST IN BIOLOGY CONCEPTS IN MAKURDI METROPOLIS, BENUE STATE

olawumi bolupe

European journal of public health

André Bento

Molecular Genetics and Metabolism

Jonathan Rehnberg

Analog Integrated Circuits and Signal Processing

RELATED TOPICS

•   We're Hiring!
•   Help Center
• Find new research papers in:
• Health Sciences
• Earth Sciences
• Cognitive Science
• Mathematics
• Computer Science
• Academia ©2024